Insolvency statistics in Canada—Third quarter of 2022 (part 4)

 

Some insolvency filings do not have an identifiable Economic Region. Previously, a process was used to redistribute these filings among Economic Regions. From 2022 onwards, filings with an unknown Economic Region will be reported as such. Note that in cases where there is a discrepancy between past reports, the most recent report is considered correct.

Table 6: BIA Insolvencies Filed by Businesses by ER
- Volume % Change 12-Month Period Ending
Q3 2022 Q2 2022 Q3 2021 Q2 2022
to
Q2 2022
Q3 2021
to
Q3 2022
09-30-2022 09-30-2021 % Change
Newfoundland and Labrador 4 6 3 -33.3 33.3 14 11 27.3

Bankruptcies

2 6 3 -66.7 -33.3 11 11 0.0

Proposals

2 0 0 -- -- 3 0 --
Avalon Peninsula 2 6 1 -66.7 100.0 11 5 120.0

Bankruptcies

1 6 1 -83.3 0.0 9 5 80.0

Proposals

1 0 0 -- -- 2 0 --
South Coast - Burin Peninsula 0 0 0 -- -- 0 0 --

Bankruptcies

0 0 0 -- -- 0 0 --

Proposals

0 0 0 -- -- 0 0 --
West Coast - Northern Peninsula - Labrador 1 0 0 -- -- 1 2 -50.0

Bankruptcies

0 0 0 -- -- 0 2 -100.0

Proposals

1 0 0 -- -- 1 0 --
Notre Dame - Central Bonavista Bay 1 0 0 -- -- 1 1 0.0

Bankruptcies

1 0 0 -- -- 1 1 0.0

Proposals

0 0 0 -- -- 0 0 --
Unknown 0 0 2 -- -100.0 1 3 -66.7

Bankruptcies

0 0 2 -- -100.0 1 3 -66.7

Proposals

0 0 0 -- -- 0 0 --
Prince Edward Island 0 0 2 -- -100.0 3 2 50.0

Bankruptcies

0 0 1 -- -100.0 3 1 200.0

Proposals

0 0 1 -- -100.0 0 1 -100.0
Prince Edward Island 0 0 2 -- -100.0 3 2 50.0

Bankruptcies

0 0 1 -- -100.0 3 1 200.0

Proposals

0 0 1 -- -100.0 0 1 -100.0
Unknown 0 0 0 -- -- 0 0 --

Bankruptcies

0 0 0 -- -- 0 0 --

Proposals

0 0 0 -- -- 0 0 --
Nova Scotia 5 5 1 0.0 400.0 25.0 15.0 66.7

Bankruptcies

5 3 1 66.7 400.0 16.0 13.0 23.1

Proposals

0 2 0 -100.0 -- 9.0 2.0 350.0
Cape Breton 0 1 0 -100.0 -- 3.0 1.0 200.0

Bankruptcies

0 1 0 -100.0 -- 3.0 1.0 200.0

Proposals

0 0 0 -- -- 0 0 --
North Shore 0 1 1 -100.0 -100.0 1.0 3.0 -66.7

Bankruptcies

0 1 1 -100.0 -100.0 1.0 3.0 -66.7

Proposals

0 0 0 -- -- 0 0 --
Annapolis Valley 1 0 0 -- -- 3.0 1.0 200.0

Bankruptcies

1 0 0 -- -- 3.0 1.0 200.0

Proposals

0 0 0 -- -- 0 0 --
Southern 1 0 0 -- -- 3.0 1.0 200.0

Bankruptcies

1 0 0 -- -- 2.0 1.0 100.0

Proposals

0 0 0 -- -- 1.0 0.0 --
Halifax 3 3 0 0.0 -- 15 9 66.7

Bankruptcies

3 1 0 200.0 -- 7 7 0.0

Proposals

0 2 0 -100.0 -- 8 2 300.0
Unknown 0 0 0 -- -- 0 0 --

Bankruptcies

0 0 0 -- -- 0 0 --

Proposals

0 0 0 -- -- 0 0 --
New Brunswick 8 4 3 100.0 166.7 23 19 21.1

Bankruptcies

7 3 3 133.3 133.3 19 14 35.7

Proposals

1 1 0 0.0 -- 4 5 -20.0
Campbellton - Miramichi 2 1 2 100.0 0.0 7 9 -22.2

Bankruptcies

2 1 2 100.0 0.0 7 8 -12.5

Proposals

0 0 0 -- -- 0 1 -100.0
Moncton - Richibucto 1 1 1 0.0 0.0 5 4 25.0

Bankruptcies

1 0 1 -- 0.0 2 4 -50.0

Proposals

0 1 0 -100.0 -- 3 0 --
Saint John - St.Stephen 4 0 0 -- -- 6 1 500.0

Bankruptcies

3 0 0 -- -- 5 0 --

Proposals

1 0 0 -- -- 1 1 0.0
Fredericton - Oromocto 1 2 0 -50.0 -- 4 2 100.0

Bankruptcies

1 2 0 -50.0 -- 4 2 100.0

Proposals

0 0 0 -- -- 0 0 --
Edmundston - Woodstock 0 0 0 -- -- 1 3 -66.7

Bankruptcies

0 0 0 -- -- 1 0 --

Proposals

0 0 0 -- -- 0 3 -100.0
Unknown 0 0 0 -- -- 0 0 --

Bankruptcies

0 0 0 -- -- 0 0 --

Proposals

0 0 0 -- -- 0 0 --
Quebec 429 480 295 -10.6 45.4 1,851 1,438 28.7

Bankruptcies

362 406 246 -10.8 47.2 1,535 1,190 29.0

Proposals

67 74 49 -9.5 36.7 316 248 27.4
Gaspésie - Îles-de-la-Madeleine 3 2 0 50.0 -- 13 8 62.5

Bankruptcies

1 2 0 -50.0 -- 10 5 100.0

Proposals

2 0 0 -- -- 3 3 0.0
Bas-Saint-Laurent 4 13 4 -69.2 0.0 33 25 32.0

Bankruptcies

3 10 4 -70.0 -25.0 23 18 27.8

Proposals

1 3 0 -66.7 -- 10 7 42.9
Capitale-Nationale 36 34 32 5.9 12.5 150 126 19.0

Bankruptcies

29 29 27 0.0 7.4 123 103 19.4

Proposals

7 5 5 40.0 40.0 27 23 17.4
Chaudière - Appalaches 16 14 17 14.3 -5.9 68 86 -20.9

Bankruptcies

14 14 14 0.0 0.0 60 72 -16.7

Proposals

2 0 3 -- -33.3 8 14 -42.9
Estrie 11 9 1 22.2 1,000.0 40 39 2.6

Bankruptcies

9 7 0 28.6 -- 35 30 16.7

Proposals

2 2 1 0.0 100.0 5 9 -44.4
Centre-du-Québec 10 9 11 11.1 -9.1 39 45 -13.3

Bankruptcies

9 7 11 28.6 -18.2 31 43 -27.9

Proposals

1 2 0 -50.0 -- 8 2 300.0
Montérégie 73 78 59 -6.4 23.7 304 229 32.8

Bankruptcies

59 59 51 0.0 15.7 237 199 19.1

Proposals

14 19 8 -26.3 75.0 67 30 123.3
Montréal 136 151 81 -9.9 67.9 557 433 28.6

Bankruptcies

116 132 64 -12.1 81.3 475 335 41.8

Proposals

20 19 17 5.3 17.6 82 98 -16.3
Laval 22 33 11 -33.3 100.0 117 82 42.7

Bankruptcies

18 28 9 -35.7 100.0 94 65 44.6

Proposals

4 5 2 -20.0 100.0 23 17 35.3
Lanaudière 35 31 15 12.9 133.3 109 65 67.7

Bankruptcies

34 27 11 25.9 209.1 99 55 80.0

Proposals

1 4 4 -75.0 -75.0 10 10 0.0
Laurentides 24 40 24 -40.0 0.0 150 104 44.2

Bankruptcies

20 36 22 -44.4 -9.1 124 100 24.0

Proposals

4 4 2 0.0 100.0 26 4 550.0
Outaouais 16 18 11 -11.1 45.5 62 52 19.2

Bankruptcies

13 16 10 -18.8 30.0 50 45 11.1

Proposals

3 2 1 50.0 200.0 12 7 71.4
Abitibi - Témiscamingue 4 3 4 33.3 0.0 18 24 -25.0

Bankruptcies

4 3 4 33.3 0.0 18 23 -21.7

Proposals

0 0 0 -- -- 0 1 -100.0
Mauricie 14 19 11 -26.3 27.3 61 49 24.5

Bankruptcies

13 15 8 -13.3 62.5 49 41 19.5

Proposals

1 4 3 -75.0 -66.7 12 8 50.0
Saguenay - Lac-Saint-Jean 13 12 6 8.3 116.7 59 34 73.5

Bankruptcies

11 12 4 -8.3 175.0 53 26 103.8

Proposals

2 0 2 -- 0.0 6 8 -25.0
Côte-Nord 2 1 0 100.0 -- 9 3 200.0

Bankruptcies

1 1 0 0.0 -- 7 2 250.0

Proposals

1 0 0 -- -- 2 1 100.0
Nord-du-Québec 1 2 1 -50.0 0.0 5 1 400.0

Bankruptcies

1 0 1 -- 0.0 2 1 100.0

Proposals

0 2 0 -100.0 -- 3 0 --
Unknown 9 11 7 -18.2 28.6 57 33 72.7

Bankruptcies

7 8 6 -12.5 16.7 45 27 66.7

Proposals

2 3 1 -33.3 100.0 12 6 100.0
Ontario 208 199 160 4.5 30.0 807 614 31.4

Bankruptcies

162 143 114 13.3 42.1 588 439 33.9

Proposals

46 56 46 -17.9 0.0 219 175 25.1
Ottawa 19 28 12 -32.1 58.3 90 50 80.0

Bankruptcies

17 20 10 -15.0 70.0 65 44 47.7

Proposals

2 8 2 -75.0 0.0 25 6 316.7
Kingston - Pembroke 4 1 3 300.0 33.3 11 8 37.5

Bankruptcies

4 1 0 300.0 -- 9 3 200.0

Proposals

0 0 3 -- -100.0 2 5 -60.0
Muskoka - Kawarthas 0 2 0 -100.0 -- 8 3 166.7

Bankruptcies

0 0 0 -- -- 5 3 66.7

Proposals

0 2 0 -100.0 -- 3 0 --
Toronto 119 106 96 12.3 24.0 456 363 25.6

Bankruptcies

97 75 72 29.3 34.7 335 261 28.4

Proposals

22 31 24 -29.0 -8.3 121 102 18.6
Kitchener - Waterloo - Barrie 14 9 7 55.6 100.0 39 38 2.6

Bankruptcies

7 4 6 75.0 16.7 24 26 -7.7

Proposals

7 5 1 40.0 600.0 15 12 25.0
Hamilton - Niagara Peninsula 22 23 15 -4.3 46.7 81 45 80.0

Bankruptcies

19 21 7 -9.5 171.4 65 25 160.0

Proposals

3 2 8 50.0 -62.5 16 20 -20.0
London 11 8 9 37.5 22.2 34 24 41.7

Bankruptcies

5 6 5 -16.7 0.0 20 12 66.7

Proposals

6 2 4 200.0 50.0 14 12 16.7
Windsor - Sarnia 8 7 9 14.3 -11.1 25 25 0.0

Bankruptcies

5 7 8 -28.6 -37.5 21 22 -4.5

Proposals

3 0 1 -- 200.0 4 3 33.3
Stratford - Bruce Peninsula 1 3 1 -66.7 0.0 12 6 100.0

Bankruptcies

1 2 0 -50.0 -- 11 4 175.0

Proposals

0 1 1 -100.0 -100.0 1 2 -50.0
Northeast 6 6 2 0.0 200.0 18 16 12.5

Bankruptcies

4 4 2 0.0 100.0 11 12 -8.3

Proposals

2 2 0 0.0 -- 7 4 75.0
Northwest 0 1 1 -100.0 -100.0 3 3 0.0

Bankruptcies

0 0 1 -- -100.0 1 3 -66.7

Proposals

0 1 0 -100.0 -- 2 0 --
Unknown 4 5 5 -20.0 -20.0 30 33 -9.1

Bankruptcies

3 3 3 0.0 0.0 21 24 -12.5

Proposals

1 2 2 -50.0 -50.0 9 9 0.0
Manitoba 7 7 11 0.0 -36.4 28 29 -3.4

Bankruptcies

3 5 9 -40.0 -66.7 17 24 -29.2

Proposals

4 2 2 100.0 100.0 11 5 120.0
Southeast 0 1 1 -100.0 -100.0 2 1 100.0

Bankruptcies

0 1 0 -100.0 -- 2 0 --

Proposals

0 0 1 -- -100.0 0 1 -100.0
South Central 0 1 1 -100.0 -100.0 1 1 0.0

Bankruptcies

0 1 1 -100.0 -100.0 1 1 0.0

Proposals

0 0 0 -- -- 0 0 --
Southwest 1 0 1 -- 0.0 3 4 -25.0

Bankruptcies

1 0 1 -- 0.0 3 4 -25.0

Proposals

0 0 0 -- -- 0 0 --
North Central 0 2 0 -100.0 -- 3 1 200.0

Bankruptcies

0 2 0 -100.0 -- 3 1 200.0

Proposals

0 0 0 -- -- 0 0 --
Winnipeg 3 2 6 50.0 -50.0 9 17 -47.1

Bankruptcies

1 1 5 0.0 -80.0 4 13 -69.2

Proposals

2 1 1 100.0 100.0 5 4 25.0
Interlake 1 1 1 0.0 0.0 2 3 -33.3

Bankruptcies

1 0 1 -- 0.0 1 3 -66.7

Proposals

0 1 0 -100.0 -- 1 0 --
Parklands 0 0 1 -- -100.0 2 1 100.0

Bankruptcies

0 0 1 -- -100.0 2 1 100.0

Proposals

0 0 0 -- -- 0 0 --
North 2 0 0 -- -- 3 0 --

Bankruptcies

0 0 0 -- -- 1 0 --

Proposals

2 0 0 -- -- 2 0 --
Unknown 0 0 0 -- -- 3 1 200.0

Bankruptcies

0 0 0 -- -- 0 1 -100.0

Proposals

0 0 0 -- -- 3 0 --
Saskatchewan 18 13 7 38.5 157.1 56 44 27.3

Bankruptcies

10 7 4 42.9 150.0 36 35 2.9

Proposals

8 6 3 33.3 166.7 20 9 122.2
Regina - Moose Mountain 4 2 3 100.0 33.3 10 10 0.0

Bankruptcies

1 1 2 0.0 -50.0 6 8 -25.0

Proposals

3 1 1 200.0 200.0 4 2 100.0
Swift Current - Moose Jaw 0 2 1 -100.0 -100.0 5 6 -16.7

Bankruptcies

0 1 1 -100.0 -100.0 4 6 -33.3

Proposals

0 1 0 -100.0 -- 1 0 --
Saskatoon - Biggar 8 4 0 100.0 -- 23 15 53.3

Bankruptcies

4 1 0 300.0 -- 13 14 -7.1

Proposals

4 3 0 33.3 -- 10 1 900.0
Yorkton - Melville 1 1 0 0.0 -- 5 4 25.0

Bankruptcies

1 1 0 0.0 -- 4 2 100.0

Proposals

0 0 0 -- -- 1 2 -50.0
Prince Albert 4 3 3 33.3 33.3 10 9 11.1

Bankruptcies

3 3 1 0.0 200.0 8 5 60.0

Proposals

1 0 2 -- -50.0 2 4 -50.0
Northern 1 1 0 0.0 -- 2 0 --

Bankruptcies

1 0 0 -- -- 1 0 --

Proposals

0 1 0 -100.0 -- 1 0 --
Unknown 0 0 0 -- -- 1 0 --

Bankruptcies

0 0 0 -- -- 0 0 --

Proposals

0 0 0 -- -- 1 0 --
Alberta 72 51 34 41.2 111.8 197 153 28.8

Bankruptcies

34 28 21 21.4 61.9 115 99 16.2

Proposals

38 23 13 65.2 192.3 82 54 51.9
Lethbridge - Medicine Hat 2 2 0 0.0 -- 8 3 166.7

Bankruptcies

2 2 0 0.0 -- 8 3 166.7

Proposals

0 0 0 -- -- 0 0 --
Camrose - Drumheller 1 5 1 -80.0 0.0 6 4 50.0

Bankruptcies

0 2 1 -100.0 -100.0 2 2 0.0

Proposals

1 3 0 -66.7 -- 4 2 100.0
Calgary 37 20 6 85.0 516.7 84 58 44.8

Bankruptcies

14 9 5 55.6 180.0 43 44 -2.3

Proposals

23 11 1 109.1 2,200.0 41 14 192.9
Banff - Jasper - Rocky Mountain House 0 0 0 -- -- 4 2 100.0

Bankruptcies

0 0 0 -- -- 3 1 200.0

Proposals

0 0 0 -- -- 1 1 0.0
Red Deer 6 1 1 500.0 500.0 7 4 75.0

Bankruptcies

3 1 1 200.0 200.0 4 3 33.3

Proposals

3 0 0 -- -- 3 1 200.0
Edmonton 16 14 19 14.3 -15.8 59 58 1.7

Bankruptcies

8 9 7 -11.1 14.3 39 28 39.3

Proposals

8 5 12 60.0 -33.3 20 30 -33.3
Athabasca - Grande Prairie - Peace River 4 2 2 100.0 100.0 10 9 11.1

Bankruptcies

4 1 2 300.0 100.0 8 4 100.0

Proposals

0 1 0 -100.0 -- 2 5 -60.0
Wood Buffalo - Cold Lake 0 4 2 -100.0 -100.0 7 6 16.7

Bankruptcies

0 4 2 -100.0 -100.0 5 6 -16.7

Proposals

0 0 0 -- -- 2 0 --
Unknown 6 3 3 100.0 100.0 12 9 33.3

Bankruptcies

3 0 3 -- 0.0 3 8 -62.5

Proposals

3 3 0 0.0 -- 9 1 800.0
British Columbia 45 31 20 45.2 125.0 128 90 42.2

Bankruptcies

30 22 14 36.4 114.3 93 61 52.5

Proposals

15 9 6 66.7 150.0 35 29 20.7
Vancouver Island and Coast 7 2 1 250.0 600.0 14 12 16.7

Bankruptcies

5 1 1 400.0 400.0 10 10 0.0

Proposals

2 1 0 100.0 -- 4 2 100.0
Lower Mainland - Southwest 29 24 11 20.8 163.6 90 57 57.9

Bankruptcies

19 16 9 18.8 111.1 63 41 53.7

Proposals

10 8 2 25.0 400.0 27 16 68.8
Thompson - Okanagan 5 4 2 25.0 150.0 12 9 33.3

Bankruptcies

2 4 1 -50.0 100.0 8 4 100.0

Proposals

3 0 1 -- 200.0 4 5 -20.0
Kootenay 0 0 0 -- -- 0 0 --

Bankruptcies

0 0 0 -- -- 0 0 --

Proposals

0 0 0 -- -- 0 0 --
Cariboo 2 0 0 -- -- 5 1 400.0

Bankruptcies

2 0 0 -- -- 5 0 --

Proposals

0 0 0 -- -- 0 1 -100.0
North Coast 0 0 0 -- -- 3 1 200.0

Bankruptcies

0 0 0 -- -- 3 0 --

Proposals

0 0 0 -- -- 0 1 -100.0
Nechako 0 0 0 -- -- 1 2 -50.0

Bankruptcies

0 0 0 -- -- 1 1 0.0

Proposals

0 0 0 -- -- 0 1 -100.0
Northeast 0 0 2 -- -100.0 0 2 -100.0

Bankruptcies

0 0 1 -- -100.0 0 1 -100.0

Proposals

0 0 1 -- -100.0 0 1 -100.0
Unknown 2 1 4 100.0 -50.0 3 6 -50.0

Bankruptcies

2 1 2 100.0 0.0 3 4 -25.0

Proposals

0 0 2 -- -100.0 0 2 -100.0
Northwest Territories 0 0 0 -- -- 0 0 --

Bankruptcies

0 0 0 -- -- 0 0 --

Proposals

0 0 0 -- -- 0 0 --
Northwest Territories 0 0 0 -- -- 0 0 --

Bankruptcies

0 0 0 -- -- 0 0 --

Proposals

0 0 0 -- -- 0 0 --
Unknown 0 0 0 -- -- 0 0 --

Bankruptcies

0 0 0 -- -- 0 0 --

Proposals

0 0 0 -- -- 0 0 --
Yukon 0 0 0 -- -- 0 0 --

Bankruptcies

0 0 0 -- -- 0 0 --

Proposals

0 0 0 -- -- 0 0 --
Yukon 0 0 0 -- -- 0 0 --

Bankruptcies

0 0 0 -- -- 0 0 --

Proposals

0 0 0 -- -- 0 0 --
Unknown 0 0 0 -- -- 0 0 --

Bankruptcies

0 0 0 -- -- 0 0 --

Proposals

0 0 0 -- -- 0 0 --
Nunavut 0 0 0 -- -- 0 0 --

Bankruptcies

0 0 0 -- -- 0 0 --

Proposals

0 0 0 -- -- 0 0 --
Nunavut 0 0 0 -- -- 0 0 --

Bankruptcies

0 0 0 -- -- 0 0 --

Proposals

0 0 0 -- -- 0 0 --
Unknown 0 0 0 -- -- 0 0 --

Bankruptcies

0 0 0 -- -- 0 0 --

Proposals

0 0 0 -- -- 0 0 --